Astroport
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Staking & Locking
ASTRO holders will be able to use ASTRO in two ways to assume governance responsibility for Astroport:
  • Staking ASTRO in the xASTRO pool: ASTRO holders may stake their ASTRO in the xASTRO pool to receive xASTRO tokens, activate their governance power, and accrue a share of trading fees (funded with one-half of the Astral Assemblyโ€™s share of trading fees). xASTRO is inspired by SushiSwapโ€™s xSUSHI token / xSUSHI pool.
  • Locking xASTRO in the vxASTRO pool: xASTRO holders may lock their xASTRO in the vxASTRO pool to receive vxASTRO points, amplify their governance power, receive an additional share of trading fees (funded with the other half of the Astral Assemblyโ€™s share of trading fees) and access other benefits such as boosted liquidity mining rewards (see below under โ€œvxAstro Utilityโ€). vxASTRO is inspired by Curveโ€™s pioneering veCRV model.
Family of ASTRO:
The following is an example for a user locking 100 xASTRO into the Astral Assemblyโ€™s vxASTRO pool:
  • If locked for 2 years the user would receive 200 vxASTRO.
  • If locked for 1 year the user would receive 100 vxASTRO.
  • If locked for 1 month the user would receive 8.3 vxASTRO.
The more vxASTRO a user controls, the greater their say in ASTRO-based governance processes. The amount of vxASTRO a user has will decrease linearly over the length of the selected lockup period, such that at the end of the lockup period the user has 0 vxASTRO (see Figure 4). At any given point in time, a user will be able to extend their lockup for up to the maximum of 2 years from the date they initially locked their xASTRO. Keep in mind that as a userโ€™s vxASTRO allotment declines, they will still hold the underlying xASTRO so they can continue to collect fees and participate in governance (albeit at a reduced rate vs. locking xASTRO for vxASTRO).
This mechanism should foster a healthy governance system thatโ€™s inclusive and at the same time long-term oriented. By allowing xASTRO holders to participate in governance without needing to lock their xASTRO tokens, it removes a potential friction point from the governance process. At the same time, by asymmetrically empowering users who do lock their xASTRO tokens, it incentivizes long-term-oriented decision-making and participation. Smaller but higher-conviction ASTRO holders will be able to amplify their influence vs lower-conviction whales by locking and signaling their commitment to the system.
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